international insurer department (iid) - …...history • prior to 2017 - annual filings submitted...
TRANSCRIPT
INTERNATIONAL INSURER DEPARTMENT (IID) - NEW FILING SYSTEM
FOR COMPANY FILERS
NEW IID FILING SYSTEMFOR COMPANY FILERS
PRESENTERS
• ANDY DALEO - SR. FINANCIAL ANALYSIS
MANAGER
• BOB SCHUMP – IID PROGRAM MANAGER
• JASON FARR – SR. REINSURANCE & IID
FINANCIAL ANALYST
NEW IID FILING SYSTEMFOR COMPANY FILERS
HISTORY
• PRIOR TO 2017 - ANNUAL FILINGS SUBMITTED AS HARD-COPY PACKAGES WITH FEES PAID BY PAPER CHECKS
• 2017 - ELECTRONIC SUBMISSION OF FILING DOCUMENTS AND FEE PAYMENTS VIA OPTINS
• 2020 - NEW FILING SYSTEM WILL ALLOW EASIER INPUT OF FINANCIAL INFORMATION
NEW IID FILING SYSTEMFOR COMPANY FILERS
BENEFITS OF NEW SYSTEM
• MICROSOFT ACCESS PLATFORM
• ACCOMMODATIONS FOR NON-MICROSOFT USERS
• SYSTEM USED FOR RENEWALS AND APPLICATIONS
• EASILY DOWNLOADED TO INSURER’S COMPUTER
• QUICK AND SIMPLE DATA ENTRY
• AUTOMATED CROSSCHECKING OF DATA
• ELECTRONIC ATTESTATIONS
• SINGLE APPLICATION SOURCE FOR FINANCIAL REPORTING
• UPLOAD CAPABILITIES FOR INVESTMENTS AND REINSURANCE DATA
IID FILING SYSTEM LINKS
NEW IID FILING SYSTEMFOR COMPANY FILERS
• OPTINS AND THE NEW SYSTEM
• THE NEW SYSTEM CONVERTS THE FILING TO EXCEL FORMAT FOR UPLOAD TO OPTINS
• FOLLOWING UPLOAD THE COMPLETED ACCESS DATA REMAINS WITH COMPANY
• OTHER REQUIRED DOCUMENTS (I.E., AUDIT REPORT, LOSS CERTIFICATIONS, AND BIOGRAPHICAL AFFIDAVITS) WILL CONTINUE TO BE UPLOADED AS BEFORE
• PAYMENT OF FEES WILL CONTINUE TO BE PAID THROUGH OPTINS
GETTING STARTED
JURAT
INTERROGATORIES
BALANCE SHEET
INVESTED ASSETS
OTHER ASSETS
OTHER LIABILITIES
INCOME STATEMENT
PREMIUMS AND LOSSES
US PREMIUMS BY STATE
REINSURANCE CEDED
LOSS DEVELOPMENT
CYBER SECURITY DATA
FEDERAL FLOOD
ATTESTATION
TRIA
TRIA
NEW IID FILING SYSTEMFOR COMPANY FILERS
• ANDY DALEO – [email protected]
• BOB SCHUMP – [email protected]
• JASON FARR – [email protected]